The plan came after Clubhouse ended a Series C funding round led by California-based venture capital firm Andreessen Horowitz, valued the start-up at about $4 billion, quadruple the estimate from January, according to Bloomberg.
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“The social network is planning to announce a series of products … some of which won’t appear for some time … under the umbrella of social audio,” Recode said.
Facebook plans to go after Clubhouse — and podcasts — with a suite of new audio products https://t.co/MZC7fO64Jw
— Recode (@Recode) April 18, 2021
Social media giants like Telegram, Twitter Inc, introduced Spaces. Microsoft Corp.s LinkedIn and Slack Technologies Inc. are making effort to create their own version of the popular Clubhouse product.
Facebook chief executive officer, Mark Zuckerberg appeared live during a Clubhouse discussion this year, and the company ordered multiple teams to research audio-related chat products that could rival Clubhouse, people familiar with the efforts.
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“We’ve been connecting people through audio and video technologies for many years, and are always exploring new ways to improve that experience for people,” Facebook told Recode.
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